L&T Technology Services Ltd., Jio Financial Service Ltd. and HDFC Life Insurance Co. are some of the notable companies set to announce their third quarter results on Thursday, Jan. 15.
According to analysts' consensus estimates compiled by Bloomberg, L&T Technology Services is projected to report a consolidated revenue of Rs 3,029 crore for the December quarter, up 1.64% from Rs 2,980 crore in the previous quarter. Net profit may increase 3.3% to Rs 340 crore from Rs 329 crore in the previous quarter.
On the operational front, earnings before finance cost (EBIT) is expected to jump 7.5% from Rs 398 crore to Rs 428 crore. The EBIT margin may improve to 14.15%, up from 13.36%, reflecting a gain of 79 basis points.
HDFC Life is expected to report an Annual Premium Equivalent (APE) of Rs 3,980 crore for Q3, which represents an 11.5% year-on-year growth but a 5% decline sequentially. APE is a key indicator of revenue growth for the company.
The Value of New Business (VNB) is projected at Rs 950 crore, showing a modest 2.15% increase compared to the previous year, though it is down 6% quarter-on-quarter. VNB reflects the profitability of new business generated during the period.
The VNB margin is anticipated to come in at 23.87%, which is lower by 218 basis points on a yearly basis and 22 basis points compared to the previous quarter. This suggests some pressure on margins, possibly due to changes in product mix and other operational factors.
Key monitorables for this quarter include demand sustainability, commentary on the new insurance amendment bill, and potential changes in distribution commission regulations.
Additionally, investors will look for guidance on growth and VNB margins for FY26 and beyond, as well as any impact from changes in labor codes. Margin dynamics following the loss of ITC credit and revised distribution strategies will also be important areas of focus.
Besides, other companies set to report their results are 360 One Wam, Angel One, Delta Corp and South Indian Bank.
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